Other than setting the long-term agenda and defining strategy for the organization, selecting the CEO is a board’s most important responsibility.  I would argue that this responsibility is even senior to setting direction, for if not done well, neither direction, i.e. strategy, nor execution will be sound.

This article is relevant whether of not you are actively seeking a CEO. Included are descriptions of an organization's lifecycle and an explanation of the qualities of leadership needed to successfully navigate the stage your organization is in . It's valuable information for an active hiring process, succession planning and simply a better understanding your organization's needs as it grows and develops.